{"id":60747,"date":"2012-10-18T16:15:01","date_gmt":"2012-10-18T05:15:01","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/10\/18\/aussie-through-110-next-year\/"},"modified":"2012-10-18T16:15:01","modified_gmt":"2012-10-18T05:15:01","slug":"aussie-through-110-next-year","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/10\/18\/aussie-through-110-next-year\/","title":{"rendered":"Aussie Through 110 Next Year"},"content":{"rendered":"

\n\tWe alologise<\/span> for the low resolution of the following chart. What one may be able to discern through the steam of the Wizard's cauldron is a triangular pattern having formed for the AUD-USD on the long-term monthly chart. The extent of the triangle before convergence is at US$0.94 on the downside and US$1.10 on the upside.<\/p>\n

\n\tOne may also note at the bottom the Wizard's trusty MACD<\/span> indicator has turned positive. The following outlook from the Wizard was determined prior to last night's one cent rally in the currency.
\n\t <\/p>\n

\n\t\"\"<\/p>\n

\n\t
\n\tOn the monthly chart of the AUD-USD there is a bullish triangle forming, the Wizard notes, and being a monthly chart this is a long-term triangle lasting many months, but the outcome should be a breakout above US$1.10 next year.<\/p>\n

\n\tUntil that breakout occurs we can expect further choppy trading as the norm, the Wizard adds.
\n\t <\/p>\n

\n\tThe TechWizard<\/span> is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au. All views expressed are the TechWizard's<\/span>, not FNArena's<\/span> (see our disclaimer).<\/em><\/p>\n

\n\tTechnical limitations<\/strong><\/em><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span>, but technical limitations are to blame.<\/strong><\/em><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Tech Wizard’s charts foretell of a likely AUD breakout with a target of US$1.10.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60747"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60747"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60747\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}